Target hashrate for Round 7 is 800GH/s 1,000GH/s with 100 shares issued. If there's additional demand for at-cost Bitmine shares, all we need to do is issue additional shares as the Rig maxes out at 2.5TH/s. This is the *nominal* hashrate. We're running this in Turbo mode and possibly Super.Turbo mode since we'll have our Cooperative's miners in an extra cold, enclosed A/C cooled cabinet built by bobsag3 and other engineers at his pro colo facility.

At-cost Share price is: $70 for 8-12 GH/s 10-15GH/s, est. delivery late December/early January. Hosting/Management fees are applied during payouts every 2 weeks, and are the world's lowest professional hosting/management fees at only 2.75%

Your share includes an estimated 20 minutes of power protection built into the at-cost share price. Power protection from outages, sags, and spikes come from an APC UPS with Battery Bank to keep the BTC flowing during short power outages.

If you have questions as to how this whole darn at-cost, Democratic Miners Cooperative that's also a mesh network works, please send me a PM or state your concerns publicly as there's nothing to hide in this co-op.

Only hurtful or trolling posts will be deleted as we welcome all valued opinions, insights, concerns, and improvement ideas to improve our at-cost (or even below cost) cooperative of about 50 members (so far).

*Note: A listing above does not necessarily indicate that this person runs or contributes to the running of the co-operative, but many of the pros listed have made their services available to the co-operative.

This Co-operative is led by a John K. vetted Network Engineer based in Hawaii, DyslexicZombei or DZ, who gets to design prototype IT hardware and lab/field networks in support of cutting edge research projects, and has been in the line of work of T&E and R&D for nearly 10 years, with 50-60 Hawaii/US Aerospace/IT/R&D/Civ. Engineering Endorsements on LinkedIn. The other remote administrators are jungle_dave who is a former Electrical Engineer and Network Engineer and -Redacted- a UNIX guru and veteran miner. There are 5 leaders in the DZ MC, with thomas_s and I doing the actual running of the Cooperative. Mining Equipment will be operated by vetted IT pros or a vetted IT college student, with backup host sites available. Payouts are every 2 weeks minus a 2.75% Hosting/Management fee, the lowest around. Once sales begin, Refunds available up until unit ships at 1.5% restock fee. We vote on all buying, shipping, and resale decisions as well as vote on the month to attempt equipment resales after 5-7 months of operations. Vetted GB Coordinators are encouraged to team up to increase buying power and close out Group Buys quicker. All suggestions are welcome to help improve our Co-operative.

Round 7 Payment Details (Similar to R5/R6 sans PayPal, for the most part)

You can also state your soft reservations below if you need some time to get Bitcoin together. Soft reservations usually have a 48 hour window of payment but I won't be strict about that on this GB, as this isn't a Flash Sale.

BTC Payments will be directed to thomas_s for R7 but I will have co-admin to this wallet for auditing or for payments if we're in a rush. We've worked together on 4 different Group Buys with great success including 2 of the fastest GB sellouts in the forum's history for Industrial class Rigs.

Thomas is handling questions and collecting payments for R7 via our site (unless you require Escrow, in which case you can PM me). He set up the automated reservation site and the GB with my input. Great work Thomas, and it's definitely an improvement over me trying to keep up w/ an avalanche of PMs and payments.

Refunds: If we can't raise the funds to buy this Bitmine Rig, you will be refunded or offered shares in Rounds 1-6 which can be found on this GB Forum under my user name. There's no restock fee during this fundraising period.

Ah, who am I kidding, we're buying this already reserved Bitmine Rig whether it gets sold out completely or not.

I have 7.5 btc invested in this buy and it has an issue that if resolved I will buy 3 shares here. If this buy ends up as a total loss (hope not) I can't buy the 3 shares here.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTrI mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.

I have 7.5 btc invested in this buy and it has an issue that if resolved I will buy 3 shares here. If this buy ends up as a total loss (hope not) I can't buy the 3 shares here.

Roger that. I have you down for 3 reservations and 2 for bobsag3. Don't forget that I owe you $525 in a few days for the R1 UPS/Batts. If you'd like, we can subtract the three R7 shares from what I owe you & I sign the Tx w/ your ownership & send in a 3 share payment to the R7 wallet on your behalf that Thomas is in charge of. I would owe you 3 R7 shares and $315, if you wanted to go this route for my payment to you.

Also, please keep an eye out for a letter from me & the missus via ebay for your 4 PayPal shares in R6. It should arrive Friday/Saturday if anyone will be home to sign for it. I'll send your payment to -R- once it clears.

I have 7.5 btc invested in this buy and it has an issue that if resolved I will buy 3 shares here. If this buy ends up as a total loss (hope not) I can't buy the 3 shares here.

Roger that. I have you down for 3 reservations and 2 for bobsag3. Don't forget that I owe you $525 in a few days for the R1 UPS/Batts. If you'd like, we can subtract the three R7 shares from what I owe you & I sign the Tx w/ your ownership & send in a 3 share payment to the R7 wallet on your behalf that Thomas is in charge of. I would owe you 3 R7 shares and $315, if you wanted to go this route for my payment to you.

Also, please keep an eye out for a letter from me & the missus via ebay for your 4 PayPal shares in R6. It should arrive Friday/Saturday if anyone will be home to sign for it. I'll send your payment to -R- once it clears.

87 shares available.

eyes peeled for the paypal shipment. on that 525. 43 goes to hash boost on buy 1. IIRC so it is only 482 owed to me.

Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTrI mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.

I have 7.5 btc invested in this buy and it has an issue that if resolved I will buy 3 shares here. If this buy ends up as a total loss (hope not) I can't buy the 3 shares here.

Roger that. I have you down for 3 reservations and 2 for bobsag3. Don't forget that I owe you $525 in a few days for the R1 UPS/Batts. If you'd like, we can subtract the three R7 shares from what I owe you & I sign the Tx w/ your ownership & send in a 3 share payment to the R7 wallet on your behalf that Thomas is in charge of. I would owe you 3 R7 shares and $315, if you wanted to go this route for my payment to you.

Also, please keep an eye out for a letter from me & the missus via ebay for your 4 PayPal shares in R6. It should arrive Friday/Saturday if anyone will be home to sign for it. I'll send your payment to -R- once it clears.

87 shares available.

eyes peeled for the paypal shipment. on that 525. 43 goes to hash boost on buy 1. IIRC so it is only 482 owed to me.

Ok, would you like me to pay for your three R7 shares and subtract this from the $482 as well? The $525 I owe you would be paid as: 1 R1B share ($43), 3 R7 shares ($70/ea), and $272.